Rebecca Scott has been named global head of equity over the counter (OTC) settlements at Morgan Stanley, following promotion from executive director.
She previously held the position of EMEA head of equity OTC settlements and vice president of operations, focused on equity derivatives and cash settlements.
Glasgow-based Scott’s experience includes equity swaps, operational risk management, and business process optimisation.
So far this year, Morgan Stanley has reported solid Q2 results despite declines in equities and fixed income investment banking activity, with net revenues of $13.5 billion for the second quarter, up from $13.1 billion in the same period last year.
More recently, Morgan Stanley and Japan’s MUFG signed a Memorandum of Understanding (MoU) to collaborate on their foreign exchange offerings in a bid to further enhance their respective trading businesses.